(UFO) Procure Space - Overview
ETF Category: Miscellaneous Sector | Exchange: NASDAQ (USA) | Market Cap: 1.280m USD | Total Return: 135.9% in 12m
Avg Turnover: 88.5M
Warnings
No concerns identified
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind, Pullback 52w
The Procure Space ETF (UFO) tracks a global index of companies primarily engaged in the space economy, requiring constituents to derive at least 50% of their revenue or profit from space-related activities. This non-diversified fund focuses on sectors such as satellite technology, ground equipment manufacturing, and space-based telecommunications.
The space sector operates on a capital-intensive business model characterized by high research and development costs and long-term government or commercial contracts. Satellite technology remains a core revenue driver, facilitating global positioning systems (GPS), broadband connectivity, and Earth observation data used in agriculture and defense.
Investors can further evaluate the financial health and valuation metrics of these aerospace components by consulting ValueRay. This fund provides concentrated exposure to an industry increasingly influenced by the transition from government-led missions to private commercial ventures.
- Government defense spending and space force budget allocations drive revenue growth
- Satellite communications demand for global internet connectivity scales commercial earnings
- High capital expenditure requirements for launch infrastructure impact free cash flow
- Regulatory shifts in orbital debris management and spectrum licensing affect operations
- Aerospace manufacturing supply chain stability determines satellite deployment and delivery timelines
As of June 05, 2026, the stock is trading at USD 57.74 with a total of 1,750,982 shares traded.
Over the past week, the price has changed by -13.37%,
over one month by +12.53%,
over three months by +27.21% and
over the past year by +135.88%.
Procure Space has no consensus analysts rating.